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Walmart is said close to $12 billion-plus deal for FlipKart

Walmart Inc. is close to finalizing a deal to buy a majority stake in India’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter......»»

Category: topSource: moneycentralApr 23rd, 2018

Walmart Sheds Majority Stake in Brazilian Stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International. The retailer will take a non-cash writed down of about $4.5 billion on the deal......»»

Category: blogSource: 247wallstJun 4th, 2018

Walmart Sheds Majority Stake in Brazil Operation

Walmart has reached a deal to sell a majority of its Brazil operations to private-equity firm Advent International, as the global retail giant scales operations in markets where it has struggled......»»

Category: smallbizSource: wsjJun 4th, 2018

Walmart sells majority of Brazil unit, takes $4.5 billion charge

NEW YORK/SAO PAULO (Reuters) - Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April......»»

Category: topSource: reutersJun 4th, 2018

Amazon may buy 10% in Future Retail for $600 mn, expand offline retail biz

The move comes days after Walmart acquired a majority stake for $16 billion home-grown e-commerce firm Flipkart at a valuation of around $20 billion......»»

Category: topSource: business-standardMay 22nd, 2018

Walmart to pay $16 billion for control of India"s Flipkart, shares slide

NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market......»»

Category: topSource: reutersMay 9th, 2018

Walmart to buy controlling stake in India"s Flipkart for $16 bln

MUMBAI/NEW YORK (Reuters) - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market......»»

Category: topSource: reutersMay 9th, 2018

Have Walmart, Flipkart Tied the Knot?

Walmart and Flipkart have reportedly agreed on a deal that would give Walmart a 75% stake in India's leading e-commerce firm for an investment of $15 billion......»»

Category: blogSource: 247wallstMay 4th, 2018

Flipkart yet to finalize stake sale deal with Walmart: sources

MUMBAI/BENGALURU (Reuters) - Indian e-commerce firm Flipkart's board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away......»»

Category: topSource: reutersMay 4th, 2018

India"s Flipkart approves $15 billion stake sale to Walmart-led group: Bloomberg

MUMBAI (Reuters) - Indian e-commerce firm Flipkart's board has approved a deal to sell an equity stake of about 75 percent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources......»»

Category: topSource: reutersMay 4th, 2018

Flipkart close to sealing $12-bn deal with Walmart: Pact in two weeks

Among the issues still to be resolved are whether Flipkart's founders will lead the business after the purchase, how much each existing investor sells and what Walmart's final stake will be.....»»

Category: topSource: business-standardApr 23rd, 2018

Walmart Selling Majority Stake of Brazil Business in Latest International Shakeup

It's the third major international deal in as many months. Walmart Inc wmt has announ.....»»

Category: europeSource: fortuneJun 5th, 2018

Walmart sheds majority stake in Brazilian stores

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International......»»

Category: topSource: moneycentralJun 4th, 2018

Chicago PE firm snaps up major stake of Colorado tech company

Private equity firm Thoma Bravo is buying a majority stake in a fast-growing Colorado technology company in a deal that removes a company watched as a potential IPO candidate this year. Terms of the deal to buy Boulder-based LogRhythm Inc. were no.....»»

Category: topSource: bizjournalsJun 1st, 2018

Indian trader group objects to Walmart-Flipkart deal

MUMBAI (Reuters) - An Indian trader body has raised objections to Walmart Inc's $16 billion acquisition of e-commerce firm Flipkart, though lawyers and sources said the complaint to the country's antitrust regulator is unlikely to threaten the deal......»»

Category: topSource: reutersMay 28th, 2018

SoftBank Agrees to Sell Flipkart Stake to Walmart

The operator of the world’s largest technology fund—which holds a 21% stake in Flipkart—had been delaying a decision to participate in Walmart’s $16 billion deal to take control of India’s largest e-commerce company......»»

Category: asiaSource: wsjMay 23rd, 2018

With Flipkart and India, Walmart Needs 1 Thing From Investors: Patience

The company's $16 billion bid for a majority stake in the leading Indian e-commerce company is paving the way for a decades-long future......»»

Category: topSource: foxnewsMay 18th, 2018

Walmart-Flipkart deal: Still weighing stake sale, says SoftBank CEO

SoftBank is weighing its options on a bigger investment in Paytm, says Mr Son.....»»

Category: topSource: business-standardMay 15th, 2018

eBay Is About to Receive $1.1 Billion From Walmart. Now What?

eBay is selling its stake in Flipkart as part of Walmart's $16 billion deal......»»

Category: topSource: foxnewsMay 15th, 2018

Mystery surrounds Walmart-Flipkart deal as Softbank"s Son in wait mode

Why was the deal announced in a hurry if SoftBank was yet to take a call on selling its stake, especially if it wanted 10 more days for a decision, asked another analyst.....»»

Category: topSource: business-standardMay 12th, 2018